Dynamic Forces in Capitalist Development
A comparative analysis of the nature of growth in advanced capitalist countries responsible for half of the world Gross Domestic Product, this book identifies the causal factors which are the key factors for these sixteen countries’ unprecedented growth. Dynamic Forces in Capitalist Development used a standardized framework of comparative growth accounts that illustrates the present economic problems and policy dilemmas of these countries by providing historical and comparative perspectives. The author contributes to their collective economic history, further providing updated and standardized quantitative data base for analyzing growth performance in the long run.
"Very comprehensive; an excellent complementary source to the new literature on endogenous growth; contains excellent lecture materials."
—Walter Park, American University
"Prof. Maddison does a masterful job of combining a wealth of data with cogent and wise analysis. This book is a model of what enlightened Economic History should be."
—Dr. Edward Stuart, Northeastern Illinois University
Table of Contents
- Introduction
- Interpreting Capitalist Development
- Changes in Economic Leadership
- Long-run Dynamic Forces in Capitalist Development
- Fluctuations in the Momentum of Growth
- Acceleration, Slow-down, and Convergence after 1950
- The Role of Policy in Economic Performance since 1950